If China Did Not Fund SGR, Who Has Been Pocketing The “Loan” Billions?

Busia Senator Okiya Omtatah Okoiti has weighed into the discussion that Kenyans might be paying for “international loans” that do not exist, marrying into what businessman and politician Jimmy Wanjigi has been singing all alone.

Okiya Omtatah Okoiti now says that China did not contribute any single cent towards the construction of the Standard Gauge Railway (SGR) which has been making losses ever since it was launched. He claims the SGR was fully funded by Kenyans.

He says Kenyans coughed out 900 billion shillings towards the construction of the SGR. He says the SGR did not cost 360 billion shillings as the government claimed it. He adds that no single cent came from China to fund SGR.

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This begs the question: who has been receiving the billions of shillings the government has been claiming are meant to settle the loan fronted for the construction of SGR?

Who is planning to take over the Port of Mombasa given that it was fronted as collateral in case we fail to pay the “loan” used to construct SGR?

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So, who did Exim Bank from China give the money they claim to have given Kenya? Did they really give the cash towards the construction of the SGR?

Wanjigi and Okiya Omtatah cannot be wrong about this issue. They are not madmen. Wanjigi went out of his way to fund a forensic audit of the national debt. He found out that Kenyans do not owe anyone money. The money we are paying as “debt” is going to individual pockets.

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He termed the numbers that are often published by the Central Bank of Kenya as an outstanding public debt as being fictitious and meant to hoodwink Kenyans into paying for debts that do not exist. He says it is a massive looting of our money.

According to Mr. Wanjigi, in the eight financial years to 2022, the appropriated debt repayment under the Recurrent Expenditure was 5.6 trillion shillings. Adding the outstanding debt that President Mwai Kibaki left of 2.37 trillion shillings as of June 2014 to President Uhuru’s authorized debt of 2.001 trillion shillings totals 4.371 trillion shillings.

Scarier, the Auditor General of Kenya has publicly admitted that there are no records or receipts of a public debt. Where is our money going? Why are they so resistant to auditing our public debt? Will Omtatah and Wanjigi remain the only voices in the wilderness?

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